The SFC has warned about Hong Kong Foreign Investments Trade Authority, a false entity that is claiming to be a

The Securities and Futures Commission (SFC), an independent regulatory body in Hong Kong, has issued a warning against another fraudulent entity, Hong Kong Foreign Investments Trade Authority, advising any would-be investors to abstain from doing business with the group, according to an SFC statement.

The SFC is a watchdog organization that helps inform investors, bringing to light a plethora of illicit operations and unregulated entities that market participants should abstain from doing business with. The regulatory authority also helps police the country’s securities and futures markets.

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The group’s latest addition to its warning list is Hong Kong Foreign Investments Trade Authority, a false entity that is claiming to be a regulator and market operator in Hong Kong. The group is listed under the address Nine Queen’s Road Central, 23rd Floor, Hong Kong, along with the website http://hkfita.org.

Despite Hong Kong Foreign Investments Trade Authority issuing claims to be a regulator for the securities and futures markets in Hong Kong, the group maintains no such authority and should be avoided. Moreover, it the group does not maintain any address in Hong Kong, nor is it located there in any capacity. Consequently, investors, market participants, and individuals are urged to refrain from conducting any business or engaging in any activity with the group.